Accountancy, asked by kurkuresmurfette, 9 months ago

7
Accounting Equation demonstrates
principle​

Answers

Answered by avi86579
1

Answer:

The accounting equation shows on a company's balance that a company's total assets are equal to the sum of the company's liabilities and shareholders' equity. Assets represent the valuable resources controlled by the company. ... Both liabilities and shareholders' equity represent how the assets of a company are financed.

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